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338 Cedar AVE Long Beach, CA 90802
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Key Details
Sold Price $3,949,753
Property Type Commercial
Sub Type Commercial/Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 10,150 sqft
Price per Sqft $389
Subdivision Downtown (Dt)
MLS Listing ID PW23183991
Sold Date 07/29/25
HOA Y/N No
Year Built 1918
Lot Size 7,501 Sqft
Acres 0.1722
Property Sub-Type Commercial/Residential
Property Description
338 Cedar Avenue is a 17-unit apartment asset in Downtown Long Beach. The property is offered at 10.98 GRM on current rents. The property is comprised of (2) three- bedroom units, (5) two-bedroom units, and (10) one-bedroom units. All of the units have been fully remodeled
with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in-unit washers and dryers.The property is located in prime Downtown Long Beach, steps from a plethora of retail and dining amenities as well as the $520M, 22-acre Civic Center redevelopment, and a two-minute walk to the Metro A Blue Line Pacific Station stop.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD30
Interior
Laundry Inside
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
TERMS 1031 Exchange,Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE None
SHOW INSTRUCTIONS Please email rstepp@steppcommercial.com for offering memorandum. PLEASE DO NOT DISTURB TENANTS. Drive by only. Offers subject to inspection.
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Bought with Keller Williams Realty Downey